Anyone working in Saigon, whether you’re a local or expat, knows that insurances are needed, not just because it’s required but it’s also beneficial to the insured and his or her family. 

Under Vietnam labour contracts, health and social insurance contributions are required for Vietnamese and foreign individuals who are employed however, even though many expats live in Ho Chi Minh City, unemployment insurance contributions are only applicable to Vietnamese. 

Health insurance protects yourself and family from unforeseen medical expenses. These Includes surgeries & hospitalization expenses, tests like MRIs, doctor visits, physiotherapy sessions and Treatments for Cancer & other chronic conditions.

Social insurance includes coverage for sickness, maternity, occupational diseases and accidents, as well as retirement and death.

As of July 1, 2019, the contribution rates are as follows:

 

Health Insurance

Social Insurance

Unemployment Insurance

Labor Accident and Occupational Disease Insurance

Employee

1.5%

8%

1%

-

Employer

3%

17.5%

1%

0.5

Capped Salary Base

USD 1,295

USD 1,295

 

USD 1,295

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